Episode 401

Published time: 2 Feb, 2013 04:30 Edited time: 3 Feb, 2013 20:04

Episode 401

Every week Max Keiser looks at all the scandal behind the financial news headlines.

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the yellow-cake-baking, talcum-powder-shaking, perpetual-war-making, balloon-boy-chasing, fake-it-til-you-make-it global economy. In this system, spoof trading and a shadow banking system – collateralized by a combination of liar loans and temporary workers consuming genetically modified food-like products – gives us such heroes for our times as Robb U., the guy who was handed $6 million in loans based on having a YouTube music video with 1-million-plus views. In the second half of the show, Max Keiser talks to former Scotland Yard fraud squad detective Rowan Bosworth-Davies of Rowans-Blog.blogspot.co.uk about justice departments and regulators going after the ‘little guy,’ because he is easier to get than the too-big-to-fail guy.